XRP has fallen below its critical $3.00 support level this week, registering a 7.4% decline amid weakening buying pressure. The digital asset currently trades within a narrow band between $2.91 and $3.05, reflecting diminished trader confidence.
Technical indicators confirm deteriorating market conditions, with the Relative Strength Index (RSI) at 40.73 suggesting building bearish pressure. Negative MACD divergence further signals vanishing upward momentum.
The breached $3.00 threshold has now transformed into resistance, with multiple price rejections occurring at this psychological barrier. Recent trading attempts to reclaim this level have been unsuccessful.
Stagnation around $174.3 billion in market capitalization indicates limited participation, showing neither significant accumulation nor distribution pressure. This sideways movement reveals market uncertainty.
Recovery prospects now depend on renewed accumulation strength that could overcome resistance barriers. Current technical patterns indicate ongoing downside vulnerability rather than imminent reversal potential.